What is the standard student loan repayment period?

Federal direct loans default to a 10-year standard plan. Extended plans go to 25 years; income-driven plans can extend to 20-25 years with potential forgiveness.

How much interest do I pay on $30,000 at 6.5% over 10 years?

Monthly payment: $340. Total interest: approximately $10,800. Total paid: $40,800. Paying $500/month instead cuts payoff to 6.8 years and saves ~$4,500 in interest.

Should I pay off student loans or invest?

If student loan rate exceeds expected investment return, pay loans first. Federal loans at 5-7% vs S&P 500 at 7-10% makes this close. Consider employer match and tax deductions before choosing.

Student Loan Payoff Time Calculator

Calculate months to pay off student loans based on balance, interest rate, and monthly payment. Compare standard 10-year plan to aggressive payoff.

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Frequently Asked Questions

What is the standard student loan repayment period?

How much interest do I pay on $30,000 at 6.5% over 10 years?

Should I pay off student loans or invest?